Author: NBTC

Grayscale’s Ethereum Trust (ETHE) has seen a notable reduction in outflows during its second week of trading, following a $1.5 billion outflow in the initial week. According to blockchain analysis firm Arkham Intelligence, ETHE experienced an 80% drop in outflows as the second week progressed. Why Grayscale’s ETHE Outflows Declined On July 29, approximately 108,800 ETH, worth $367.6 million, was withdrawn from ETHE to Coinbase. By August 2, this had slowed to about 24,9000 ETH, valued at around $78.4 million. Coinbase analysts suggest that the ETHE outflows were declining because they might have been front-loaded compared to earlier trends observed…

Bloomberg’s senior analyst, Eric Balchunas, predicts a surge in the popularity of crypto exchange-traded funds (ETFs) following the introduction of Ethereum ETFs. Indeed, Balchunas believes a Solana ETF could be the next to hit the crypto market following. Solana ETF in the Spotlight The SEC has extended its decision on the Ethereum ETF trading approval from July 18, 2024, to July 23, 2024. This delay has sparked further discussions within the crypto community. Balchunas shared his thoughts on X. He emphasized that the approval of an Ethereum ETF could pave the way for other crypto ETFs, with Solana potentially being…

With six months remaining before the European MiCA Regulation’s provisions on crypto-asset services take effect, the Autorité des Marchés Financiers (AMF) has begun accepting applications for authorization to operate as a crypto-asset service provider. This authorization will be required from 1 July 2024. The European MiCA Regulation will come into force on 30 December 2024, requiring all market participants who wish to offer crypto-asset services within the European Union to obtain prior authorization. The regulation covers ten specific services: managing and safeguarding crypto-assets for clients; running a crypto-asset trading platform; converting crypto-assets to funds; swapping crypto-assets for other crypto-assets; executing…

Catch up on this week’s biggest crypto and NFT gaming news and find some weekend reads in our latest roundup. The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in! Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the latest moves around crypto video games, we’re happy to present This Week in Crypto Games. Our weekend roundup serves up…

Validation Cloud has announced support for Stellar, storing a complete history of the network and allowing developers to query transaction details, account states and more. This will aid other services from the Stellar Development Foundation geared towards offering historical records, such as Horizon, whose historical data is limited to just one year. Validation Cloud, a node and staking service provider for Web3, has announced support for Stellar, making it easier and more convenient for developers to query the network for historical data. Validation Cloud announced the integration on Thursday, and SDF President Danelle Dixon commented that it would “make it…

Bitcoin, the world’s largest cryptocurrency, exceeded the $60,000 mark once again this week, after falling below the $60,000 level for the first time since May 3. Despite this recovery, chart analysts see no buying signals and suggest that Bitcoin could begin another decline at current levels that would be more “damaging.” “Moderation has continued since March and trading can be considered under pressure below the $66,000 resistance,” Oppenheimer analyst Ari Wald said, referring to BTC’s 50-day moving average. Bitcoin has been stuck in a narrow range between $60,000 and $70,000 since mid-March, when it hit an all-time high. Current market…

Top crypto self-custody provider Tangem adds Cardano to its list of supported networks, allowing users to secure Cardano-based assets within their wallets. The self-custody provider made this known in a tweet yesterday, emphasizing the immediate support for Cardano native tokens (CNT). “WEN Cardano native tokens support?!” NOW! 💥 Update your app right now and secure your $IAG, $AGIX, $COPI, $WMT, and other currencies on the Cardano network right in Tangem. @Cardano_CF @Cardano @IOHK_Charles pic.twitter.com/ukdWLzWU5M — Tangem (@Tangem) July 16, 2024 Tangem urged users to update their apps immediately to secure various Cardano native assets, such as Iagon (IAG), SingularityNET (AGIX),…

After Joe Biden’s withdrawal from the presidential race, Kamala Harris is mentioned as the new presidential candidate, and her chances against Trump, who is pro-Bitcoin and crypto, are increasing. However, Kamala Harris has only one chance to win and that is to get the support of the crypto industry. US independent think tank OMFIF stated in its latest report that US Vice President Kamala Harris, who is likely to be the Democratic presidential candidate, cannot defeat Republican candidate Trump without the support of the cryptocurrency industry. Pointing out that Harris cannot afford to leave the support of the crypto industry…

OKX Wallet has announced its integration with Wormhole, the pioneering cross-chain messaging protocol. This strategic move aims to enhance the cross-chain functionality of OKX Wallet by facilitating seamless transfers and interactions across a network of over 30 blockchains. A New Era of Interoperability The collaboration between OKX Wallet and Wormhole marks a milestone in the quest for blockchain interoperability. By connecting multiple blockchain networks, Wormhole addresses the growing need for seamless asset and data transfer in the decentralized landscape. This integration allows OKX Wallet users to enjoy the fluid movement of tokens, data, and NFTs across diverse ecosystems, overcoming previous…

On June 26, 2024, Bitcoin ETFs saw a net inflow of $21 million, as reported by SpotOnChain. This positive inflow, though small, indicates a continued interest in Bitcoin investments. 🚨 $BTC #ETF Net Inflow June 26, 2024: +$21M!• The net inflow remains positive but small.• #Grayscale (GBTC) saw the first inflow of $4.3M after 13 days of outflows.• The single-day flow of #BlackRock (IBIT) continued to be stagnant for the 8th day.Follow @spotonchain… pic.twitter.com/9zCAONjbAx — Spot On Chain (@spotonchain) June 27, 2024 Grayscale Sees $4.3M Inflow After 13 Days of Outflows Grayscale Bitcoin Trust (GBTC) recorded a tiny inflow of…